Daily Archives: January 10, 2024

Business & Investments

Saxo Q1 Outlook: What happened to the future?

Leave a comment

Saxo Q1 Outlook: What happened to the future?

Dubai, United Arab Emirates, 9th January 2024: Saxo has today published its Q1 2024 Quarterly Outlook for global markets, including trading ideas covering equities, FX, currencies, commodities and bonds, as well as a range of central macro themes impacting client portfolios. 

In Q4 of last year, Saxo called for investors to take a long position on bonds as the bank’s strategists recognised that the global economy cannot deal with historically high real yields, as productivity and population growth are simply not high enough. With a historically long lag to monetary policy, the high bond yields in 2023 are finally beginning to bite, and central banks are priced to cut policy rates in 2024, changing the underlying dynamics.

Continue reading Saxo Q1 Outlook: What happened to the future? →
Business & Investments

Century Financial commodity outlook

Leave a comment

Vijay Valecha, Chief Investment Officer, Century Financial on Global Markets, Cryptos, Crude Oil, Gold updates

  • Crude Oil 

U.S. oil futures post biggest daily drop since November as Saudi price cut raises demand worries: Oil futures start the week with a hefty loss as Saudi price cuts underline fears about demand.

Shell Flags Impairment Hit of up to $4.5 Billion: Shell said its fourth-quarter earnings took a hit of up to $4.5 billion in impairments that were offset by significantly higher gas trading, while its overall production volumes are on track to meet targets.

Saudis cut crude prices to all regions amid oil-price weakness: Saudi Aramco on Sunday said it would cut crude prices to all regions, including its largest market in Asia — a move that comes amid weaker global oil prices.

Continue reading Century Financial commodity outlook →